Skip to main content

In Chile and Australia, the Shadow of Japan

Here’s a bit of news that might seem unusual at first:

{…} Chile and the United States signed an accord on Friday intended to help Chile develop a nuclear energy program.

Chile, a country that imports much of its energy, is considering building nuclear reactors to try to fill an expected energy gap in the next few decades. But the developing nuclear crisis in Japan has complicated the debate in Chile, which suffered an 8.8-magnitude earthquake last year that caused widespread destruction.

That may be more a question of timing. There are compelling reasons to proceed:

Chilean officials are concerned that limits on the amount of energy the country may import and its outdated power grid will compromise the rapid growth of its economy. Chile will require a doubling of its energy supplies over the next 12 years if demand for electricity continues to grow at 6 percent a year, said Jorge Zanelli, a physicist who carried out a study of nuclear energy in 2007 for the previous Chilean government. More than 60 percent of that increase would have to be met with energy from fossil fuels if nuclear energy is not part of the equation, Mr. Zanelli said.

There will be more to say.

At the present time, it seems striking – as it has in a lot of instances – that nuclear energy is generating electricity all over the world – safely, with no nerves jangling – and deals and treaties continue to be struck – in their full measure – and countries will proceed as they see fit – with Japan in the mix where it was not before but not necessarily in the determinative spot.

We sometimes say “wait and see” when there is more to be known. So – let’s wait and see.

---

And from Australia’s The Age:

Australia's supporters of nuclear energy are sticking to their view that it does have a place in this country, despite the reactor crisis in Japan.

As well they should.

'It's had a remarkable performance of providing safe power over the last 30 years, and if something goes wrong it should be in the context of its achievements,'' Mr [Hugh] Morgan, former Western Mining chief executive, told The Sunday Age.

True. The whole article is worth reading.

Comments

Popular posts from this blog

Activists' Claims Distort Facts about Advanced Reactor Design

Below is from our rapid response team . Yesterday, regional anti-nuclear organizations asked federal nuclear energy regulators to launch an investigation into what it claims are “newly identified flaws” in Westinghouse’s advanced reactor design, the AP1000. During a teleconference releasing a report on the subject, participants urged the Nuclear Regulatory Commission to suspend license reviews of proposed AP1000 reactors. In its news release, even the groups making these allegations provide conflicting information on its findings. In one instance, the groups cite “dozens of corrosion holes” at reactor vessels and in another says that eight holes have been documented. In all cases, there is another containment mechanism that would provide a barrier to radiation release. Below, we examine why these claims are unwarranted and why the AP1000 design certification process should continue as designated by the NRC. Myth: In the AP1000 reactor design, the gap between the shield bu...

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...

Wednesday Update

From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...